Latest Bank secrecy Stories
BankersHub to host six webinars on Bank Secrecy Act and Anti-Money Laundering March 26, 2015 MADISON, Wis., Feb.
ARLINGTON, Va., Nov. 18, 2010 /PRNewswire-USNewswire/ -- BNA Books, a division of specialized news and information publisher BNA, announced today the publication of Criminal Tax, Money Laundering, and Bank Secrecy Act Litigation by Peter D. Hardy.
The Swiss government said Wednesday it would step in to prevent its largest bank from turning over client names to U.S. tax authorities. The case came to light in February, when the U.S. Department of Justice filed suit against UBS for helping U.S.
A new U.S.-Swiss treaty on bank secrecy may not help the Internal Revenue Service catch tax evaders, a Swiss official says. Swiss Vice President Doris Leuthard said under the amended treaty, the United States will have to supply the names of suspected tax evaders to obtain information about their Swiss bank accounts, The Washington Post reported Wednesday. This is basic, basic information they will need to give us, Leuthard said. But U.S.
Swiss financial giant UBS, defending itself in a tax-evasion investigation, refused an IRS request to provide names of U.S. customers holding offshore accounts. In rejecting the request, UBS officials told a U.S.
Swiss Bankers Association Chairman Pierre Mirabaud called international efforts to rein in tax evaders with foreign accounts an economic war. We have been very successful and we are making many of our competitors jealous.
Switzerland is bowing to international pressure, agreeing to end its policy of allowing secretive banking, officials said. The Times of London reported Saturday that the move means Switzerland will join Liechtenstein, Luxembourg and Andorra, which also agreed this week to share limited information on their accounts on request from foreign governments. The newspaper said Zurich's decision to end its 300 years of banking secrecy precedes the G20 meeting, where British Prime Minister Gordon...
Switzerland said Friday it would alter its international banking policies to align itself with the Organization for Economic Cooperation and Development. Although Swiss Finance Minister Hans-Rudolf Merz said Switzerland was not laying to rest Swiss banking secrecy, the government, he said, was ready to begin negotiations on revising double taxation agreements. While the move faces internal opposition in Switzerland, the country faced international pressure and possible sanctions for its...
BERN, Switzerland, March 3 /PRNewswire/ -- Switzerland is synonymous with discreet banking but 75 years after Swiss banking secrecy was enshrined in law, the practice is under massive international pressure.
- Growing in low tufty patches.